a new draft constitution based on islamic law gets the seal of approval from egypt's muslim lawmakers the opposition in the calling for mass protests to boycott the charter. palestinian triumph and israeli diplomatic defeat as the u.n. overwhelmingly voted to recognize palestine as a de facto sovereign state upgrading its status in the organization. of the world's most famous. son promises more astonishing we can expect relations as he speaks exclusively to r.t. the ecuadorian embassy in london.

i know you're watching r.t. live from moscow i'm carrie dunst and welcome to the program. palestine has one long awaited state recognition at the u.n. after more than two thirds of member states voted in favor of upgrading its status the decision came as a blow to israel and the u.s. who harshly oppose the move calling it counterproductive for more on how this historic vote was received in both camps we have our correspondent there in tel aviv and i fear activist and filmmaker in gaza. to you first now that the u.n. has upgraded palestinian status what's the feeling in israel regarding where this might lead. well these ladies certainly are downplaying the significance of this vote although we have seen them would juice the kind of rhetoric that they've been acting over the past few weeks and months so they're no longer issuing the same kinds of threats that they were before presumably because they understand that this will only further isolate them in the international community the israeli prime

minister benjamin netanyahu has repeatedly said that this vote does not change the reality on the ground the israeli position is that it is a unilateral step by the palestinians they accuse the resolution of being one sided that it doesn't take into concerns israeli security issues and that the only way for there to be any kind of advancement in terms of peace between israelis and palestinians is for the two sides to sit at the negotiating table and deal with the issue directly now in the past we have even more harsher reactions from the israeli government we heard from the israeli foreign minister avigdor lieberman that this mid required from the israelis the most harsh response we've heard this coming from right wing elements as well as from said because you've actually threatened to go to the streets and burn palestinian flags at the same time there is a concern of course with him as well that the palestinians will now use the new status to go for example to the international criminal court in the hague where they can accuse israel of alleged crimes and of course these kind of threats in the

past has prevented some israeli lawmakers as well as military leaders who are traveling abroad because they are concerned that there could be a wasted over such issues the israeli response to those though the official birth remark will give us the spokesperson for the prime minister's office is that israel too can also use the legal routes that is will also go to the i.c.c. for example and accuse the palestinians of allegedly crimes of using rockets to be fired on to civilian populations and as well and also firing them from civilian areas in the gaza strip and there is another important development what we're hearing increasingly from commentators around the world is that the larry. flinching support for israel particularly over this whole vote in this but has separated the u.s. from old time in allies if we look at how the vote went there were one hundred and thirty eight countries that voted in favor there were forty one that abstained and there were nine who voted against amongst those who voted in favor with france

spain russia china and brazil and amongst those who voted against what the united states and canada but interestingly enough amongst those who who abstained were longtime allies particularly germany and the u.k. and that certainly was a blow to both israel and the united states critics are saying that the americans are using out dated rhetoric on palestine and this is separating them from the rest of the international community this despite the fact that the american ambassador to the united nations susan rice has repeatedly come out in support of this resolution largely pushing the israeli line. today grand pronouncements will soon fade and the palestinian people will wake up tomorrow and find that little about their lives has changed today's vote should not be misconstrued by any as constituting eligibility for u.n. membership it does not this resolution does not establish that power stein

is a state. and yet talking to the average israeli on the street largely the response here is muted most israelis i've been talking to are actually by and large ignoring this fundamental and historic occasion which is a far cry from the kind of reaction we witnessing on the streets in palestine i will now give a more or indeed let's cross not to hurry fear palestinians are jubilant of course but celebrations apart what exactly are they expecting from this recognition . well this is this this increased recognition this increase in stages in the united nations is a manifestation of increased world international solidarity with the palestinian situation and this will actually bring hopefully a manifest improvement for the palestinians in respect of their access to international law and that ability to have the rule of law applied to their

relationship with the state of israel so here in gaza where we just witnessed an israeli military operation exacted on the gaza strip in which fifty nine children were killed seventeen babies were killed palestinians are hoping that this increase in legal status will deter. a. like that in which palestinians believe that the crime of facing war crimes committed against the population here in gaza in the west bank they have a situation not with such sort of military violence but they have on the ground direct military occupation they have according to palestinians and palestinian tom analogy and the legal colonise ation process with illegal settlements being built and thousands hundreds of thousands of israelis being transferred into palestinian territory occupied territory so what the hope is both bits of palestine that is left there will be some practical improvement albeit

a small one for them and for their lives. ok horrific in gaza and therefore a slayer live in tel aviv thank you very much for that betty. ramsey baroud editor at the chronicle dot com says washington's that middle east rhetoric is outdated and the u.n. vote shows the u.s. risks possible isolation due to its unflinching support for israel. what hillary clinton has actually said can only be understood within the old context the us is an evil to get out of the rot it's political rot of many years partly the united states its is stuck in its own foreign policy of all it is incapable of adapting to a new middle east to the so-called arab spring to the new realities that are emerging from the region it is still trying to side with the israeli lobby is

trying to back israel right or wrong along with few islands that are kind of basically exist within within the american political sphere it's embarrassing day for american foreign policy today yet they persist and their refuse to depart and leave that all started school politics today was this this amazing historic chance for the rest of the international community to challenge the u.s. and israel and their addicted hearts and to say in one harmonious voice that we do support in principle the establishment of a palestinian state. well the historic u.n. vote and prospects for peace are also the topic so fierce debate and latest addition of crosstalk here's a taste of what's coming up here later today. that's not the way to run an issue of the people who want to have a homeland if people want to have a homeland it's not enough to have declaration you have to build your nature

towards that i do think romney has completely lucidity of mind is clearly not suffering from. but i'm not sure why he's the problem is the poster noons won't negotiate if you read through the twenty year record to one conclusion you reach the outstanding conclusion nothing happened it's like the children song the we also on the bus go round and round and the reason nothing happened is because. let's apply international law and resolve the conflict. we reject the international law we're going to decide this resolution the conflict on the terms that suit us. now egypt is a misnomer dated constitutional assembly has passed a new constitution opposition leaders are already calling for mass protests against the charter that's based on sharia law saying it cracks down on freedom journalist

well true has details now from cairo. the problem really stems from the concept of somebody itself many of the liberal leftists and church representatives actually walked out of the constituent assembly but what they said was bullying from the islamist factions that dominated the constitution rights embody one of the key issues is that is sharia law which many say the articles about sharia law even opens interpretation to a very ultra orthodox interpretation and in addition that rights groups are saying that some articles are really impinging on human rights for example that the practice of military trials of civilians which is condemned on the international law is actually included in the constitution which has been a point of contention for revolutionaries since january two thousand and eleven this document will go to president morsi today and we expect to see it go to referee referendum popular referendum in the next few weeks today opposition forces have called for million man marches across egypt and also they are continuing their sit in in for her we really will see probably more escalating violence we've seen

on the streets recently because of what they calling a power grab by president morsi was referring to as they have a very controversial constitution that gratian we awarded himself sweeping power as rival protest groups of pro and anti more to morsi at school since we met on cairo egypt streets we really thought she was relatively fair amount of violence the last week including actually least one that really people are gearing up for more protests specially as we now have this draft constitution for people who rightly god as illegitimate. well still to come as the world media speculates on june the songes health problems the whistleblower himself is still focused on his mission. do you think that something has knowledge as people say could ever happen again. what's the time next year. gets inside the ecuadorian embassy in london. leads to more revelations to come plus. this is all useless we have already given

much money and they should start. that germans are becoming increasingly angry and digging resound of its debts home says the country's m.p.'s vote for an eight package for the struggling state these and other stories of the short break. a lovely quiet morning a family gently sleeps in district heights maryland with fifty armed f.b.i. agents stormed the house and guns drawn despite the family pleading that they were unarmed the law enforcement agents opened fire on a weaponless teenager my asian huli thankfully sholay suffered minor flesh wounds but the key issue is that it remains unknown as to why the house was stormed so

here in america for no reason guys in black uniform storm someone's house a loaded sub rounds and left with no justification or explanation yes the family still doesn't know why this happened the f.b.i. is remaining silent you know i understand that there are some very bad individuals out there doing some very bad stuff at home but if you don't even really know whose house you're storming or why you're storming it then maybe you should lay off the siege for a while you know what take a few minutes to think it over have a cup of coffee and maybe even do a little google search about the fourth amendment but that's just my opinion. more news today violence is once again flared up. and these are the images the

world has been seeing from the streets of canada. trying to corporations through today. please speak your language. programs and documentaries in arabic it's all here on all t.v. reporting from the world talks books of p.r.p. interviews intriguing stories are you. trying. to find out more visit our big teeth. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm trying hard welcome to the big picture.

of the world with. science technology innovation all the least developed around russia we've got the future covered. welcome back the world's most famous whistleblower joining the sun just again in the headlines as a media speculates on the state of his health meanwhile asuncion self is promising

more sensational classified disclosures he spoke to laura smith the ecuadorian embassy in london where he's been holed up for almost six months. as any journalist working in london now is i'm pretty familiar with standing outside the ecuadorian embassy waiting for julian assange is to come out and talk from the balcony just to my right here but this evening i've been inside to get joran embassy to talk to judy and i saw he's recently written a book called cypherpunks freedom and the future of the internet and that's what he really wants to talk about at the moment and we did talk about that we talked about how he sees this increase in state surveillance is hugely damaging for the entire fabric of society how companies and governments can minute the internet the data that is placed there willingly but unwittingly by citizens all over the world let's

just listen into a little bit of what he said about that we all think are. some kind of poetic realm where we can throw our ideas and communications with pages and books and exist somewhere out there are actually very existence. who are physically controls this controls the realm of our ideas and communications and whoever is able to sit on those communications channels can intercept entire nations. julian assange has been cooped up in the embassy behind me for more than five months now and you may have heard reports in the media in the last couple of days that he's developed a lung condition but in fact his people are saying that there is no young conditional that he does have quite a pervasive cough actually looks pretty pale and quite thin he seems to be in high spirits but the possibility the suspect over serious illness has raised questions about what the government of this country would do if he was still with their loud medical help to go into the embassy would if he had to get out to go to hospital

would they use that as an excuse to arrest him he at this current moment doesn't want to talk about his personal situation he's much more interested in talking about the book that he's just read. off the back of the program that he made but nevertheless. about his general health when i asked him whether there could ever be a leak as significant as cable gates of which means of course just in the two year anniversary he said that we should watch this space do you think that something has lowered just cable kate could ever happen again and that would have a similar. play next year. what's the time next year when you go into a. place that we should watch out for that you can see my whole interview with judy later on in the program. laura smith there and she just said the full interview with you in a sound is coming your way at thirty g.m.t. . for europeans have it united for another collective show of anger as doctors from

all over the continent have been protesting in portugal workers from spain belgium and other e.u. states marched to the parliament building this meant to protest against looming cuts. in protest comes as the latest bailout deal for greece which remains at the center of the continent crisis is set to go through the german parliament and spring frustration powerhouse among politicians and people about the costs the country has to bat for the rest parties it's all of the reports. in the german parliament on friday isn't just a vote. it's also being seen very much as a test of. the opposition parties and it's going to have to prove to their. financial aid it's in germany best interest to vote for it what this latest package essentially means for twenty thirteen

germany is set to lose around seven hundred and thirty million euros due to implementing these latest measures. that is enough because we won't see this money ever again. at some point it should be stopped it's high time they were capable of helping themselves we're ok for now but someday we could also go broke. this is all used we've already given the so much money and they should start to pay a lot of times my opinion and there's nothing more i can say about it. does seem after the debate that took place on thursday that the majority of the social democrats in the green party will get on board with angle of the proposed aid package for greece most important for england merkel is making sure they to her own coalition stay on site and state message in

a test vote on this issue that took place earlier in the week we saw ten members of our own party vote against her we're going to see a general election here in germany between september and october of twenty two america will be looking for. the chancellor she's going to need the support of her party under the other qualities that make up the coalition so this vote was a one person for grace but especially important wrangler merkel and her hopes of reelection. and i own the upcoming vote for us you can follow his twitter feed for all the latest developments. some other international news for you now the syrian government says it's regained control over the road leading to the nation's main international airport after

intense fighting. several international airlines suspended flights to the mascot's because of the battles internet services were also down in the country with the government and the opposition blaming each other for the blackout. british prime minister david cameron has rejected it recommendations for a new independent legally backed media watchdog cameron fears any political involvement in such a body could inhibit freedom of the press and suggestions were made in the widely anticipated leveson report on media standards in the way but the visions have emerged within the coalition government with the deputy prime minister supporting the report and saying a state money was needed to regulate the press. that's all for me from them coming up after a short break it's capital account before this day. in

japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too short to deal with the clients computers already spent three months in this hospital and plans to stay for another four to add the coveted seven santa majors to his stature invented by the famed soviet author p.d. is good for you is there of in the nineteen fifties these frames were initially used to treat fractures in deformities by cutting bones and slowly pulling them up or therefore stimulating tissue regeneration it was out of was able to receive arms and legs and people who thought they were crippled for life be sent to the other patients shadowed bones and in many cases their shattered lives to go when professor who is out of design his first brain using bicycle parts sixty years later says invention is increasingly being used to help people quite eager to fracture their legs to become

a few centimeters taller than the ultimate goal is still the same fixing somebody is live both literally and figuratively about a third of patients admitted she was out of center now days seeking surgery for medical reasons most of them a man and most are not what you would call vertically challenged professor novick of who operated on many of them says it usually comes down to a man's pride some of the first patient to turn to us with a leg length in the request to meet his fifteen centimeters to be still want to surgery because panos tool than him we like to say that we need to break their legs in order to fix their head maybe nothing wrong with. them from an orthopedic point of view but there is something psychological that prevents them from living below is fully being happy and we fix it like lengthening surgeries abound in many countries and even the out there pretty expensive in russia the entire course costs eleven thousand dollars about one tenth of the similar package in the united states

financial considerations were one of the reasons that brought this washington state native to western siberia yet his main motive for the surgery had to do with how he fared in the auditors in america advertised as one seventy five i was one sixty seven or one sixty eight and so one eight centimeters would have brought me right to average users wanted to be average for women height isn't so important you know i think girl can be sure it's not a big deal like your guy is like expected to be taller just before the operation most mad a russian girl who found he's a regional hide quite in dealing yet he still want to have had the surgery adding seven more centimeters to the self-confidence she took to told me the whole time you're crazy you're normal you're perfect. so now or so they call you so what a compliment for somebody who's used to falling short of his own expectations.

good afternoon welcome to capital account i'm more in leicester here in washington d.c. these are your headlines for thursday november twenty ninth two thousand and twelve in washington not all deadlines are as pressing as those in the fiscal cliff the day for the final drop of the vocal rule has been pushed out according to the n.b.c. from the end of the year to possibly the first quarter of two thousand and thirteen does this simply leave more time for bank lobbying wins like the ones. from the treasury treasury over foreign exchange swaps during this transition out for timothy geithner bob english is here to talk about it all from studies south beach plus third quarter g.d.p. growth was revised up to two point seven percent up from the two percent gain previously reported by the commerce department and just short of expectations now

reports are that this game could reverse but more important than that should we put stock in g.d.p. as a measure of the economy's health at all we'll discuss and earlier this week we asked the natural commentator peter schiff about his hyper inflation calls. i know that you're saying you can't predict when this is going to happen but why haven't we seen that happen well you know i guess i still say the hyperinflation is the worst case scenario. that interview received traction from a certain new york times economist will discuss in loose change let's get to today's capital account.

today we'll forget about the fiscal cliff for a moment and talk about some other deadlines approaching that may create a potential regulatory cliff for investors threatening that they may fall off unless they seek the safety of government debt i'm talking about changes in f.d.i.c deposit insurance as just one example and while investors may be perched on what we're calling a regulatory cliff of sorts big banks are able to crawl back from the ledge with the help of timothy geithner's treasury geithner is making some major moves before he has for the door and one which we've seen recently is the final word that foreign exchange swaps from dodd frank derivatives regulation are exempt for context according to bloomberg big banks like u.b.s. and deutsche bank lobbied for this exemption and here is a sense of why foreign exchange contracts were the second largest source of derivatives trading revenue for u.s. bank holding companies in the second quarter the company's recorded three point one billion dollars in revenue on trading of foreign exchange derivatives foreign

exchange swaps and forwards are part of a four trillion dollar global daily market for foreign exchange but is that really all because actually it could be more than that our guest put together this chart showing outstanding over the counter derivatives take a look ok so making up the largest swath of that is interest rate swaps three hundred seventy nine point four trillion dollars there but does this exemption that timothy geithner gave to forex swaps essentially exempt interest rate swaps to now forex swaps and forwards are a thirty one point four trillion dollars but did timothy geithner just essentially grant an exemption for more than four hundred trillion dollars and over the counter derivatives making up sixty four percent of all outstanding derivatives well joining me from miami to explain is bob english he's contributing editor for a zero hedge guess contributing editor for economic policy journal dot com and he is going to help us sort all of this out so first of all bob thanks so much for being.